Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 3R
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Question
What does the interest rate measure?
Expert Solution
Step 1
Market interest rate refers to the interest rate that the lenders expect or demands from the borrower to part with their money as a loan to them.
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